Comments on: Memorial Drive development gets ARC’s OK

By: marquis liberty

marquis liberty — Tue, 30 Jun 2009 14:19:17 +0000

not stupid. it’ll take at least a year to rezone and go through the site approval process. smart developers are getting their entitlements now. this is different than getting a construction loan. in any event, if they could, it’s the best time to be securing construction on projects because contractors (and anyone remotely related to construction) are wheezing.

i’ll agree about the condos, but we’ve had a glut in that market for almost a decade.
I bet most condos bought in the past 5-6 years are selling for less/same as they paid. fwiw, Lindbergh is switching all their condos to rentals.

By: Are they stupid?

Are they stupid? — Fri, 26 Dec 2008 21:53:27 +0000

I don’t understand! The economy is bad…it is getting WORSE before it is getting better, and this is going up?

Yes, it’s needed. Yes, it’s smart. Smart in 2009? Ha! Laughable!

OK, you’re saying it will hopefully be just like the Edgewood development. Hopefully be just like a development that can’t find a homebuyer to save its life? Units upon units sitting…empty!??

This sounds more like the development at Lindbergh (and it IS nicer)…but look at it! It’s even emptier than Edgewood! So empty, it was forced to shut of its little fake fountains (can’t worsen a drought for no people!)!

Even Atl. Station is horrid. Horrid! A sewage smell floating above units that are selling for less than they were purchased for in the beginning.

So why do this now? Atl. Station is selling for LESS, not more. Edgewood is empty. Lindbergh is emptiER. The AJC just reported on the blight of intown Atlanta neighborhoods that are NOT established (established = short list).

What the f@#$ are they thinking? Are they thinking? I guess they could go with the grocery, and skip all the rest……Otherwise, it’s a fool’s venture.

By: Tony

Tony — Tue, 11 Nov 2008 20:21:31 +0000

Word on the street is Brand Properties has now put the project on hold due to, as you put it, it being “a time when financing is tight and housing is a gamble.”

By: Raleigh Urbain

Raleigh Urbain — Mon, 10 Nov 2008 17:44:12 +0000

With this cleared up, I want to know if they project on the old Lenny’s site is dead.

By: Best d’Atlanta - 11.10.2008

Best d’Atlanta - 11.10.2008 — Mon, 10 Nov 2008 17:24:13 +0000

[...] is still truckin’ along. Reynoldstown, Cabbagetown and Grant Park residents are getting a grocery store. We just teared up a little [...]

By: » Memorial Drive development gets ARC’s OK

» Memorial Drive development gets ARC’s OK — Mon, 10 Nov 2008 12:02:19 +0000

[...] 10-acre project includes plan for much-needed grocery store to serve Reynoldstown and Cabbagetown. More [...]